SG Americas Securities LLC Makes New $4.16 Million Investment in Ameresco, Inc. $AMRC

SG Americas Securities LLC acquired a new stake in shares of Ameresco, Inc. (NYSE:AMRC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 142,020 shares of the utilities provider’s stock, valued at approximately $4,160,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMRC. AQR Capital Management LLC bought a new position in Ameresco during the first quarter valued at $820,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Ameresco by 2.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,477 shares of the utilities provider’s stock worth $513,000 after buying an additional 884 shares during the period. Goldman Sachs Group Inc. grew its stake in Ameresco by 23.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 222,433 shares of the utilities provider’s stock worth $2,687,000 after acquiring an additional 42,499 shares in the last quarter. Empowered Funds LLC purchased a new position in Ameresco during the 1st quarter worth $1,187,000. Finally, Creative Planning purchased a new position in shares of Ameresco during the second quarter valued at $153,000. 99.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Stifel Nicolaus reiterated a “buy” rating and set a $38.00 price objective (up from $37.00) on shares of Ameresco in a report on Wednesday, March 11th. Wall Street Zen downgraded shares of Ameresco from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. B. Riley Financial increased their price objective on shares of Ameresco from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Weiss Ratings lowered shares of Ameresco from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, March 5th. Finally, UBS Group lowered their target price on Ameresco from $40.00 to $28.00 and set a “neutral” rating on the stock in a research note on Friday, March 13th. Eight equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $39.00.

Insider Buying and Selling at Ameresco

In other news, Director Nickolas Stavropoulos sold 15,700 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $34.15, for a total value of $536,155.00. Following the transaction, the director owned 14,111 shares of the company’s stock, valued at approximately $481,890.65. This trade represents a 52.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last quarter, insiders have sold 17,020 shares of company stock valued at $577,840. 44.96% of the stock is owned by company insiders.

Ameresco Price Performance

Shares of NYSE AMRC opened at $24.52 on Friday. The stock’s 50-day simple moving average is $29.48 and its 200-day simple moving average is $32.39. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.50 and a current ratio of 1.51. The firm has a market capitalization of $1.30 billion, a PE ratio of 29.54, a price-to-earnings-growth ratio of 2.04 and a beta of 2.61. Ameresco, Inc. has a fifty-two week low of $8.49 and a fifty-two week high of $44.93.

Ameresco (NYSE:AMRC) last issued its quarterly earnings results on Monday, March 2nd. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.07. Ameresco had a return on equity of 4.49% and a net margin of 2.29%.The firm had revenue of $581.03 million for the quarter, compared to analysts’ expectations of $556.09 million. During the same quarter in the previous year, the firm posted $0.88 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, equities research analysts forecast that Ameresco, Inc. will post 1.15 EPS for the current fiscal year.

Ameresco Company Profile

Ameresco, Inc is a leading independent provider of comprehensive energy efficiency and renewable energy solutions for businesses and governments across North America, Europe and other select markets. Its integrated services portfolio includes energy efficiency retrofits, infrastructure upgrades, distributed generation systems and facility-scale renewable projects. Leveraging performance-based contracting models, Ameresco designs, finances, installs and maintains energy improvements intended to reduce operational costs, mitigate environmental impact and enhance resiliency for its clients.

Founded in 2000 and headquartered in Framingham, Massachusetts, Ameresco has completed thousands of projects spanning solar, wind, geothermal, biomass, landfill gas‐to‐energy, energy storage and microgrid installations.